The funds and asset management industry was established in Ireland over 30 years ago. According to Irish Funds, Ireland is the domicile for 5.9% of world-wide investment fund assets, making it the 3rd largest global centre and the 2nd largest in Europe. Their  website states “To provide European citizens with better opportunities to create a more secure future and enjoy long-term financial well-being, we must unlock and facilitate the flow of capital to empower businesses throughout Europe”. But their members include nine of the ten top investors in major companies in oil and gas expansion - companies like Exxon, Chevron, Conoco and Glencore. Also among Irish Funds members are four of the banks labelled the “Dirty Dozen” in the 2023 Banking on Climate Chaos report. This label is due to their outsized financing of fossil fuels in the years following the Paris Agreement to limit rising global temperatures. These investment companies and banks include Amundi, BlackRock, BNY Mellon, Invesco, J.P. Morgan, LGIM, State Street, UBS,Vanguard, BNP Paribas, Citi Bank and RBC, most of which have offices in Dublin. XRI says that by allowing these tainted companies to continue as members, Irish Funds is legitimising their cannibalisation of the planet.